PG&E gets approval for $1.5 billion loan in bankruptcy - SFChronicle.com

PG&E gets approval for $1.5 billion loan in bankruptcy - SFChronicle.com: PG&E Corp. won a judge’s approval Thursday for a $1.5 billion bank loan to fund the utility’s operations for the first four weeks of bankruptcy proceedings, despite questions from a federal trustee on whether the company needs the money. The first full day of hearings on the financial plight of California’s largest utility was devoted to Pacific Gas and Electric Co.’s short-term plans to keep afloat and pay its bills. The parent company’s bankruptcy filing Tuesday listed $71.2 billion in assets and $51.4 billion in debt, a figure that does not include tens of billions of dollars in potential liability for the Northern California wildfires of the past two years. The $1.5 billion bank loan would carry PG&E through Feb.